TechCrunch
Bolt founder Ryan Breslow has proposed a settlement with investor Activant Capital this week, which could put an end to a lawsuit brought by Activant. The investor accused Breslow of adding $30 million to Bolt’s balance sheet in the form of personal debt and removing board members when they urged Breslow to repay it. Activant sued Breslow in July 2023, in a Delaware court, on behalf of Steve Sarracino, a former Bolt board member, alleging that Breslow removed him and two other board members when they declined to help Breslow repay the $30 million loan.